Re: Argentina´s currency

[Warren Mosler <mosler@xxxxxxxx>]

Diego Miranda wrote:

> As somebody else pointed out, though, trade is only a part of the
> equation. That the real is not included in the prospective basket owes to
> this, I think, and to the fact that the real is just too unstable, there
> not existing any signal that the Brazilian government ia going to tackle
> that problem in the short run..

I think Brazil should just go ahead and drop overnight interbank rates
to 0 bid, like Japan, offer a national service job to anyone willing
and able to work, and enjoy the prosperity.

w

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